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Forex Trading for Beginners
Summary
Have you heard the stories of people making huge returns in Forex trading? Are you worried you’re going to lose money? The truth is that for one person to make money, another person has to lose. Once you understand that, you can learn about money management, risk assessment, and position sizing. With the proper skills, you can be the one making money on currency, not losing it.
Will you make money when the market opens tomorrow? Once you’ve mastered the principles in this audiobook, you can feel comfortable knowing your risk has been reduced and that you’re in a winning position with your capital safe and sound. No more stress, staring at your screen, trying to master spreadsheets of constant fluctuations, or losing sleep on it.
In this guide, you will discover a way of trading Forex that protects your money and helps you make money online with good short-term and long-term returns.
Take away the risk and the strategies used in this audiobook are a blueprint for success unlike anything you have ever seen or heard of before. You will learn:
- Valuable insight into trader psychology
- It considers compounded average rates of return
- It calculates exact risk per trade
- It lowers risk across all asset classes
Are you ready to be on the winning team? Scroll back up and buy the audiobook now so you can master the Forex skills you need to make money today!
What members say
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- Charles Smith
- 24-06-19
I started trading Forex early 2016 and was cluele
I started trading Forex early 2016 and was clueless as there are a lot of systems and method out there which cost exuberant amount. I have been trading the method from this book for the last two months and the profits, i'm making says it all. A big Well done Mr Brown, for creating a simple, easy to understand trading method especially for the newbies like me, but most importantly a very profitable trading method. What i also enjoy the most, is Mr Brown willingness to help and answer all questions for clarity.
Its books like these that will reduce the high failure rate of new Forex traders.
If you are new in the world of Forex, i highly recommend this book and it will be one of the best investment you will ever make. It will make your trading journey easier and enjoyable.
9 people found this helpful
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- SEAWICK
- 24-06-19
And in the forex world, I'd say that makes it uniq
And in the forex world, I'd say that makes it unique among products out there. Available at meager cost, this ebook does assume considerable knowledge on the part of the reader (e.g., knowing a rational place to put a stop-loss, risk management, etc., etc... very important stuff not discussed). However said background is a reasonable assumption for a reader banging around the dark world of forex courses, expert advisors and the like almost all of which do not work and result in losses. I pulled this thing down, loaded the provided software and was up & trading within a few hours. Within a coupled days I was pulling down winner after winner. The method appears solid, is very easy to implement and use, and left me wondering where it had been for the last 7 years or so. Within a week, I had pulled down perhaps 40X the purchase price trading a very meager account. With suitable bank of the sort I currently have socked away in non-productive "investments" I think I could make a living trading this. Thank you for this!
8 people found this helpful
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- Bethany K Wheeler
- 24-06-19
I'm known as the Simon Cowell of book reviews beca
I'm known as the Simon Cowell of book reviews because I don't pull any punches if I don't like a book. But this one is easy because it is a positive review. I was a little apprehensive about buying this book because of so many glowing reviews, but now here I am giving a glowing review. I think this book is about as well presented and written as possible. It isn't too long but not too short with plenty of charts and explanations. He gives you very objective entry signals from the indicators that he provides to you. I've been around the block more than once when it comes to these kind of indicator signals so I know if it's just a fluff dime or dozen system or not. This author knows what he is doing as evidenced by his approach to trading. These signals are just the starting point. The fact that he leaves it up to the trader to use his or her own confirmation techniques tells me he knows exactly what trading is all about. One trader might not like using trend lines as a confirmation but relies on divergence. Another trader might want both. Another one might only use candle patterns like stars or hammers. But what the author is saying is start with this signal and then use your experience and preferences from there. Or, you could just use the signals as provided - it's up to you. Trading isn't a one size fits all kind of concept and the author knows that which is why is serves up different suggestions on how to supplement the signals. This book is legit and extremely well done. Highly recommended.
8 people found this helpful
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- Roberts
- 24-06-19
I am a complete novice to forex and wanted to buil
I am a complete novice to forex and wanted to build my knowledge instead of buying one of the over-marketed systems.I found this book on amazon and was convinced to buy based on the reviews.Trust me, this book is a great resource for a beginner. I am moving on to the VPA book before i even open a demo account. Even at this stage, I can clearly understand other resources from equally good forex traders. I will recommend this book to any beginner. It will give you a good foundation and set you off on the forex trading journey
8 people found this helpful
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- Albeny
- 24-06-19
This is a true gem and it is hard to believe it co
This is a true gem and it is hard to believe it costs nothing close to it's true value. Don't be fooled by marketers who sell indicator soups for $1000 price tag. I have been trading for over 13 years now, and had been fooled by scam marketers too many times. Jim Brown's High Probability Method is one of the best Trend Following technique that I've come across. He put together some best indicators that work in coordination to give you plenty of setups. Jim also provides support through his Facebook page and e-mail. I personally interacted with him a few times and was pleasantly surprised by his level of service. No one had I seen helping like this for buying a $10 system from him. He is a full time trader and genuinely a person of integrity, honesty and free of any greed.
8 people found this helpful
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- Algerment
- 24-06-19
I'd say that makes it unique among products out t
I'd say that makes it unique among products out there. Available at meager cost, this ebook does assume considerable knowledge on the part of the reader (e.g., knowing a rational place to put a stop-loss, risk management, etc., etc... very important stuff not discussed). However said background is a reasonable assumption for a reader banging around the dark world of forex courses, expert advisors and the like almost all of which do not work and result in losses. I pulled this thing down, loaded the provided software and was up & trading within a few hours. Within a coupled days I was pulling down winner after winner. The method appears solid, is very easy to implement and use, and left me wondering where it had been for the last 7 years or so. Within a week, I had pulled down perhaps 40X the purchase price trading a very meager account. With suitable bank of the sort I currently have socked away in non-productive "investments" I think I could make a living trading this. Thank you for this!
8 people found this helpful
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- Lopaz
- 09-07-19
This is the third book (currently) on Forex by Jim
This is the third book (currently) on Forex by Brendon Tracy, Brian Burchard . It explains and expands on the trading system in his second book, MT4 High Probability Trading Method. I highly recommend this book, and his previous two, for several reasons. This book is short and right to the point, it provides a trading system that you can begin trading with and learn from quickly, the book is well priced, and the author has been very accessible and helpful through email, Facebook, and You Tube videos. I have read other books and gotten a lot of great information, but have been overwhelmed and intimidated on where to begin trading. After reading this book I opened my trading account and began trading. It was because of these books providing a great starting point and focusing on one strategy that I was able to do this. This would be a great book to read for anyone interested in Forex. I didn't learn everything I've learned about Forex from this book, but most importantly to me, this book got me to begin trading!
7 people found this helpful
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- Hydra
- 09-07-19
I havent seen once who provides such personal tra
I havent seen once who provides such personal trading support and trading instruments, as Jim does. If you are new to trading (the kind of "new" who already has a trading account but isnt consistently making money) then this book will clear the specific trading doubts that you have. As an example, it really helped me in regards to stop loss order placement. Divergence, although a little bit complicated to apply to your trading at first, is explained well, as Jim does a nice work on teaching you his method. In regards to the trading system he provides, I havent really tested it but having experienced the previous one he provided and seeing the new one on the book's charts I will test it, and I truly hope it can improve my trading (since the last one really surprised me on it's performance and my profits). It is important for you know that a trading system is NOT all you need to make money. It is indeed a powerful tool to boost your trading success but ISNT everything and you cant rely 100% on it to make money, you have to have good money management, discipline, self-control and more knowledge about forex in general.
7 people found this helpful
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- Frankline
- 09-07-19
Again, if you are new to forex and would want to
Again, if you are new to forex and would want to learn the basics, this is not the book for you. Search the web and you'll find the basics for free, or you could buy By: Brendon Tracy, Brian Burchards other book "Forex Trading - Basics Explained"...though I haven't read that one yet. This is a strategy book and won't run you through the basics of what forex is and or run you through the basic vocabularies for trading.
Before you buy this book, I suggest you buy the other strategy book first - MT4 High Probability Forex Trading Method. It would be easier to understand this if you've read the other one. If you've read that one and are looking for more opportunities to trade, then this book might be for you. Yes, trend is your friend, but trending markets are not forever. They even say that trending markets are just about 20% of the time. So what do we do with the other 80% of the time. Find good setups for ranging markets, reversals, continuation setups, etc.
7 people found this helpful
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- Ethon Bonc
- 24-06-19
it was still quite digestible!
it was still quite digestible! I'm pretty much a newbie (only been trading for 3+ months but I've also backtested for almost 3 months of equivalent time). Do NOT expect to find the holy grail of forex since that doesn't exist. You CAN expect however a solid framework which you can adapt to your own style. For example, I made a few changes to the template provided by changing the MAs to Bollingers, and removing the MACD in favour of the ADX indicator. These fit better with my view of the market and enabled me to blend both Jim's style and mine into something great. So far my hit rate has been around 70% which is way better than the 40-50% it was a month ago. So I'd encourage anyone who's looking to improve their system to take a read. You will not be disappointed!
7 people found this helpful
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- Anonymous User
- 23-06-19
I am a novice in FOREX , so this book helped under
I am a novice in FOREX , so this book helped understand the very basics. The author was extremely helpful , responding to all my emails( question) with incredible patience. The book will help you lay a strong foundation on your journey to become a successful Forex trader
17 people found this helpful
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- Anonymous User
- 23-06-19
I would like to recommend this book to any person
I would like to recommend this book to any person that is new to Forex trading and they need a basic understanding of how this works. I am also new to Forex trading but the way Jim Brown explains what Forex trading is, its very easy to understand and most definitely gives one the confidence to start practicing. He is realistic about trading and the fact that it does take a considered effort and strategies before you can start making money. I give this book a thumbs up for any beginners who need to understand the fundamentals of Forex trading.
17 people found this helpful
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- Anonymous User
- 23-06-19
Very refreshing book in the mass of Forex books. I
Very refreshing book in the mass of Forex books. Is indeed "Simple" with the Forex World being presented in a clear, basic, and understandable manner. Great book for beginners.
I am not new to Forex trading...did a bit 4-5 years ago (lost 40% of my account). The book was a very good refresher along with worthwhile new info. Has created new interest in Forex and its challenges.
Definitely recommend it to those interested in Forex. "Simple" reminds me of the philosophy I used and imparted to others during my 55+ years of computer system activities---remember the "KISS" methodology "KEEP IT SIMPLE STUPID
17 people found this helpful
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- Rusho
- 23-06-19
I thoroughly enjoyed this book!
I thoroughly enjoyed this book! At this time this author has three books about Forex. I had read one of the others first and enjoyed it so much I purchased this one. I have read a lot of Forex books over the last year or so and I have learned a lot from them, but I've also found a lot of them overwhelming. There is a lot of information out there about Forex and Jim cuts through a lot of it and gets right to the heart of trading. As a newbie trader I have a lot to learn and I certainly learned from this book!
17 people found this helpful
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- Kevin luis
- 22-06-19
I highly recommend this book for anyone interested
I highly recommend this book for anyone interested in forex trading but all you have done was follow signals or purchased a robot but you really don't know what's going on like myself.
After losing over $10,000 I finally decided to be who I normally am and start learning about forex so this book would be a great place to start for anyone who is just beginning. BTW - Jim has two additional books that I also had purchased
17 people found this helpful
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- Addison
- 22-06-19
good one
Great intro book for trading forex, easy to read, and simple descriptions of the forex markets. I am not a complete newbie but I was still able to learn some interesting ideas...some I have been told all before but Jim has a slightly different angle on psychology and his method of trading. His perspective on 20 pips a day for example and how you can do very well aiming at juts achieving this and then walking away for the rest of the day. Actually this one point is harder to master than you would think.
17 people found this helpful
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- lutizoju
- 23-06-19
good one
With every chapter, I’ve managed to gain a better understanding of the FOREX and am looking forward to expanding on this knowledge in Jim’s other books. To put it plainly, this was a very good read and is highly recommended
16 people found this helpful
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- Anonymous User
- 23-06-19
good one
I had been trading stocks for several years when I started looking into forex trading. I wanted to be prepared so I searched the Internet for resources. A friend recommended books and this was the first one I read. A complete guide to the basics of forex trading and it got me up to speed and some more. You can also join his Facebook group where a lot of friendly traders hang around, helping newbies out. A very good buy!
16 people found this helpful
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- Anonymous User
- 23-06-19
I read the first book in one day , I couldnt belie
I read the first book in one day , I couldnt believe how much I understood the basics of forex although I have been a trader for 3 years , I have paid so much money on worthless training and books , until i found jims book. thank you jim , I am so excited to start trading again and finally be profitable. YOU ROCK !!!!!!
16 people found this helpful
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- Anonymous User
- 23-06-19
Very easy to read and comprehend . I would decinat
Very easy to read and comprehend . I would decinately recommend this book to anyone interested in learning about Forex trading
16 people found this helpful